Yesterday Oct 17 Christies held its first New York auction sale of the season, the sale featured 19 Vacheron Constantin watches, mainly modern as well as a unique triple calendar minute repeater. The main information is that the Jubile 1755 models are going strong and seem to have stabilised at about list price. The next information is that even though most of the VCs went for above estimates there are still some good deals to be had!
Here's a brief overview:
Lot 97: Unique Ref 4293, movement manufactured in 1943, cased and sold in 1957 38mm pink gold triple date minute repeater Estimate 250,000 - 500,000 U.S. sold for $457,000.
Half a million dollars is a hell of a lot of money but given its size, complication and uniqueness I would have thought that this watch would have sold for closer to $600k. I only hope that its the VC museum who bought it and that it will be available to be admired at the Maison Vacheron Constantin.
Lots 103-105: 3 Jubilé 1755 models in yellow, pink and white gold. The yellow gold model was estimated at $20,000 - $30,000 and sold for $29,800. The pink and white gold models were estimated at $25,000 -$30,000 and sold at $32,200.
Lot 106: Rose gold skeleton Malte Tourbillon estimated at $90,000 - $120,000 U.S. and sold for $106,600. A lot of money but still a good deal if you ask me :-)
Lot 280: Yellow gold Mercator estimated at $10,000-$15,000 and doubled its low estimate selling for $20,000. The Mercator seems to be a watch which probably came too soon, it was too avant garde at the time of its launch (1994) and somehow was (and still is) under the radar for most collectors. At least that's the only explanation I can give on the price these models are selling for because for me if you take in consideration the very original time display and the amazing acid etched dials and its rarity this watch should be going for much more!
Lot 281: Yellow gold Chronographe Historique estimated at $7,000 - $9,000 U.S. and sold for $17,500. Believe me at this price the buyer got a good deal, a really good deal!